Markets are a bit indecisive at the moment. But USDJPY has drawn this familiar pattern.
If this proves to be correct, the potential upside target would be around 113.500 (+/- 0.1).
Wait for a close above the "neckline".
I will totally scrap this idea, if the price falls back below 112.500.
Be careful and keep an eye on the price action!
If this proves to be correct, the potential upside target would be around 113.500 (+/- 0.1).
Wait for a close above the "neckline".
I will totally scrap this idea, if the price falls back below 112.500.
Be careful and keep an eye on the price action!